Provides distributional and economic analysis of current child tax credit, focusing on impact of credit on fairness or equity. Analyzes current impact of modifications to the child tax credit under P.L. 107-16, the Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001, and P.L. 111-5, the American Recovery and Reinvestment Act (ARRA), both of which expanded child tax credit availability to some low-income taxpayers. Considers potential future impact, on taxpayers with children and on the budget, of extending EGTRRA and ARRA provisions past 2017, as proposed in the 113th Congress. Provides overview of other possible modifications to the child tax credit.
ProQuest U.S. Congressional Research Digital Collection
Note
CRS Report. Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed May 2014). Reuse except for individual research requires license from ProQuest, LLC.